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“Despite a more challenging operating backdrop in some markets during the period, our diversified footprint continued to provide resilience and support strong financial and operational performance,” said Razon, the chair and president of ICTSI.
The port operator reported recurring net income of $604.69 million for the first six months of 2026, while reported net income rose 22 percent to $589.98 million after a one-off charge related to the sale of its stake in Yantai International Container Terminal in China.
New terminals lift growth
Container throughput climbed 16 percent to 8.12 million TEUs, driven mainly by newly acquired terminals in Durban, South Africa and Batam, Indonesia, as well as stronger trade activity in Asia and the Americas.
Revenue from port operations increased 27 percent to $1.92 billion, while EBITDA rose 24 percent to $1.23 billion.
ICTSI said the gains were partly offset by weaker volumes at its Iraq terminal because of geopolitical tensions in the Middle East and the deconsolidation of its China terminal.
Excluding contributions from the new terminals and the discontinued China operation, consolidated container volume increased just 1 percent.
Expansion continues
“We remain focused on executing our expansion programme, integrating new operations and maintaining financial discipline across the business,” Razon said.
ICTSI has earmarked $740 million in capital spending this year to expand terminals in Mexico, the Philippines, Brazil, Australia, Ecuador, Honduras and the Democratic Republic of Congo.
—Edited by Miguel R. Camus
